About Some Aspects of Excise Tax on Tobacco Product (on the example of Georgia)
Journal Title: Globalization and Business - Year 2016, Vol 1, Issue 1
Abstract
Considering Georgian reality excise tax is one of the most important and a growing component of the fiscal burden for the formation of budget revenue. In fact Georgian authorities plan to increase excise tax on tobacco twice each year. Excise share on tobacco, in the total volume of excise will increase not less than 0.6 percentage points each year. Such a step is taken not only for fiscal policy, but also to some extent it is a concrete socio-political step against the consumption of tobacco products. It is aimed to protect younger generation against the consumption of tobacco products at an early age. The combined total loss caused by the use of tobacco products is not less, but on the contrary, it is consid- erably more than the total quantity of any kind of budget receipts in connection with tobacco industry. The dynamic of tobacco consumption in Georgia is in higher correlation with revenue growth, than with the rise in prices of tobacco products.
Authors and Affiliations
Joseb Archvadze, Irakli Archvadze
Keywords
Related Articles
- EP ID EP568054
- DOI -
- Views 96
- Downloads 0
ENERGY SAVING AND INTENSIFICATION OF PRODUCTION
The report analyzes the role and importance of energy conservation for Georgia. Based on concrete materials, the effectiveness of social labor and energy savings on gross domestic product (GDP) is comparable to each othe...
Brexit and European Financial System
London is Europe’s financial centre, providing corporate and investment banking services to the European Union’s 28 member countries and beyond. When the United Kingdom leaves the EU and its single market by the spring o...
CHALLENGES OF TEACHING THE ECONOMIC SCIENCES IN GEORGIAN UNIVERSITIES
The teaching process of economic sciences must serve to train the competitive staff that will be successful in the field of economic theory and practical economics. Under the formation of market economy and economic tra...
Georgian foreign exchange market - Problems and Prospects
This article deals with the foreign exchange market, its essence and meaning in the world and in Georgia. Wide spectrum of foreign-economic settlements, tourism, capital, and labor migration, as well as other on...
THE MODEL OF GEORGIAN ECONOMIC DEVELOPMENT AND POST CRISES GLOBAL ECONOMY
Despite the fact that Georgia has already been an independent country for 25 years and inculcates the principles of market economy, the issue of choosing the model of country’s economic development has not been resolved...